320 Spruce St - Retail FOR SALE


La Jara, CO 81140
$1,723,655 USD
703-477-1315
320 Spruce St, La Jara, CO for Sale
$1,723,655 USD
Retail - FOR SALE
1/11
null | 6.25% Cap Rate

320 Spruce St
La Jara, CO 81140


HIGHLIGHTS

  • Operating history of over 43 years.
  • 7.5% rent increases in 2031, 2036 and in each of the four 5-year renewal options.
  • Absolute NNN lease features ±14.5 years remaining and zero landlord obligations as Tenant is solely responsible for taxes, insurance and maintenance.

OVERVIEW

CBRE is pleased to exclusively offer for sale the 3,396-square-foot Alta convenience store and gas station situated on 0.46 acres in La Jara, CO. Alta’s absolute NNN lease features ±14.5 years remaining and zero landlord obligations as Tenant is solely responsible for taxes, insurance and maintenance. Business is not for sale.

FOR SALE DETAILS

PRICE

$1,723,655 USD

PRICE/SF

$508 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Alta: La Jara, CO

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1983

SPRINKLERS

-

PARKING SPACES

18

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

572114321007

ASK ABOUT THIS PROPERTY

Thomas CarrCBREMore Info
703-477-1315

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Thomas CarrCBREMore Info
703-477-1315

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.